Monthly Market Update
Submitted by TLWM Financial on November 3rd, 2021
The fourth quarter got off to a great start for stocks with the S&P 500 rallying almost 7% in October after a down month in September. The recent move brings the index return to about 23% year to date. (YCharts)
Last month we reviewed the status of our economic dashboard – in short, it looks strong. We believe that the strength seen in the dashboard combined with accommodative fiscal and monetary policy, and strong corporate earnings means that the chance of a recession in the near-term remains low.